Industry News
Rigzone
US Crude Tumbles, Widening Brent’s Premium To 3-Year High
US oil fell nearly 2%, despite a larger-than-expected decline in US crude inventories.
Philippines Plans To Import Diesel From Russia, Non-OPEC Countries
The Philippines’ energy ministry plans to import initially about 240 million litres of diesel for stockpiling purposes.
French Farmers Threaten To Block Refineries Over Palm Oil Imports
France’s largest farmers’ union calls for French oil refineries to be blocked.
Equatorial Guinea LNG Project Stumbles As Schlumberger Quits
Schlumberger has decided to withdraw due to problems with the project’s financing, Ophir says.
Crude Pulls Back As Focus Returns To Oversupply
Oil prices edged lower as the focus turned to oversupply worries, moving away from escalating tensions between the US and Iran.
Total’s North Sea Oil Platforms Hit By 24-Hour Strike
About 40 rig workers started a 24-hour strike on the Alwyn, Elgin and Dunbar platforms in the British North Sea.
Oil Majors Quizzed on Near-Term Permian Hiring Plans
Rigzone asks several oil and gas majors about their hiring plans in the Permian basin in the near future.
Halliburton Sees Moderate Permian Growth On Pipeline Worries
Shares of Halliburton fell by more than 8% after the company warned of moderate growth in the oil and gas-rich Permian Basin.
Saudi Aramco CEO: Deal for Sabic Would Affect IPO Timeline
Saudi Aramco signaled another potential delay for the world’s largest initial public offering after it started talks this week to buy a stake in a local petrochemical company.
Oil & Gas Journal
Lukoil to develop Caspian oil, gas field
Lukoil has approved development of Rakushechnoye oil and gas field in the Caspian Sea off Russia. The company plans a fixed, ice-resistant platform, a quarters platform, a crossover bridge, and subsea interfield pipelines and cable lines connected with a second fixed platform at V. Filanovsky field 8.5 km away.
Shell signs PSCs for blocks offshore Mauritania
Shell Exploration & Production Mauritania will begin exploration as operator with 90% interest of two blocks offshore Mauritania following government approval of production-sharing contracts signed with that country’s government, marking the company’s entry into the West African Atlantic Margin.
ExxonMobil raises resource estimate for offshore Guyana
ExxonMobil Corp. has increased its estimate of the discovered recoverable resources for the Stabroek block offshore Guyana to more than 4 billion boe. The new estimate, up from 3.2 billion boe, supports a third phase of development and the consideration of two additional phases, the company said.
Quadrant group finds oil with Dorado wildcat
The Perth-based joint venture of Quadrant Energy Ltd. and Carnarvon Petroleum Ltd. has made an oil discovery with its Dorado-1 wildcat well in permit WA-437-P in the Bedout subbasin off northwest Western Australia.
Study targets marginal discoveries off UK
A research center based in Aberdeen and supported by the UK and Scottish governments is seeking low-cost ways to develop marginal oil and gas discoveries on the UK Continental Shelf. The Oil & Gas Technology Center (OGTC) says its Facility of the Future initiative targets 3.5 billion bbl of reserves.
